Plain-English answers on zoning, air rights, development value, and selling — written for owners, not lawyers.
A User buyer is someone who purchases a property to actually use it to live in or operate a business out of. Not as an investment
Religious institutions, restaurants, hospitals, banks, and retailers are some examples of Users.
A users buyer is buying the property to occupy it & use it,
Typically no, the user buyer plans to use the building instead of renting it out.
Because users typically are looking for a specific type of building for their businesses or to live in so they are inclined to pay more. They also gain control in the building, not having to pay rent.
There is still activity for user buyers in the boroughs outside of Manhattan, but they may be focused on things like industrial or manufacturing properties.
Typically, smaller buildings if they are they are the only occupant in that building.
Typically, investors will have larger down payments than users, and they are getting financing based on the future cash flows of their rent, vs a user getting financing on the income of their business.
It definitely would be harder to get a user interested in your property unless you can negotiate an earlier end to the lease with the tenant, because the user will have to use the property.
Non-profits are definitely user buyers, some of the most common actually. They may be able to receive tax benefits for their non-profit status as well.
Get tailored industry and listing news, Map Room, and Bob Knakal's insights in your inbox!
Follow us on
